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Several bills with impact for the financial service industry will be debated in the House of Representatives and the Senate when Federal Parliament sites this week. read more

Funeral insurance company Freedom Insurance Group, another company that was mauled in royal commission hearings, went into a voluntary trading halt yesterday and is preparing to make an announcement o.. read more

Faced with declining revenue and margin contraction, Commonwealth Bank has turned its attention to cost cutting. Its aim is to capitalise on its extensive divestment program by streamlining its core b.. read more

The measures Commonwealth Bank took over the past couple of years to manage changed regulatory requirements around home lending caused the bank's mortgage lending growth to fall to close to half syste.. read more

Commonwealth Bank made a net profit of $4.6 billion for the half-year, down 6 per cent from the previous corresponding period read more

Australia's Lutheran community has a financial institution looking after its interests, following APRA's announcement that it has licensed Lutheran Laypeople's League of Australia as an authorised dep.. read more

Westpac has revealed a flaw in its mortgage securitisation process, which resulted in ineligible loans being included in its mortgage securities portfolios. read more

The call for a reshaping of mortgage broking industry remuneration is the flashpoint of the Hayne royal commission report.Commissioner Kenneth Hayne has recommended that home loan borrowers, not lende.. read more

Royal commissioner Hayne has drawn on a Treasury submission to argue that stricter lending standards are good for the economy and not likely to lead to a damaging tightening of the supply of credit. read more

Westpac emerges from the Royal Commission with its reputation in reasonable shape, compared with the other big banks. The bank cops its share of criticism but where it stands out is in being an early.. read more